JP Morgan Maintains Neutral on Nike, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss maintains a Neutral rating on Nike and lowers the price target from $80 to $77.
October 02, 2024 | 4:05 pm
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JP Morgan analyst Matthew Boss has maintained a Neutral rating on Nike, while lowering the price target from $80 to $77. This suggests a cautious outlook on Nike's stock performance.
The lowering of the price target by JP Morgan indicates a less optimistic view on Nike's short-term stock performance. Maintaining a Neutral rating suggests that the analyst does not foresee significant positive catalysts for the stock in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100